Does the "day" in daytrader mean you only started trading today?
One element to being a good investor is not to be myopic, concentrating on one single facet of an overall situation.
As any project moves closer to commissioning, it gets progressively de-risked; Angas is in that phase now - investors are now increasingly confident with regards to the project, and that will be reflected in the price. The same will happen with Algeria as it progresses.
Also, as part of teh Angas financing, Terramin's bankers had them put hedging contracts in place. I do have the figures to hnd, but I seem to recall it was 50% of output. These were struck at higher zinc and lead prices, so mitigates to a degree the current short-term weakness.
Feel free to run with a trend if you want to daytrade, by all means; but if you want to be a good investor, and make money in any market, not just a rising one, start trying to think three steps ahead.
TZN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
